Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $115,881 per ton in 2022, falling by -3.2% against the previous year. Over the period under review, the import price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $119,737 per ton in 2021, and then reduced modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($323,333 per ton), while the price for Hong Kong SAR ($52,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+42.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $35,500 per ton in 2022, with a decrease of -41.8% against the previous year. Overall, the export price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 165% against the previous year. Over the period under review, the average export prices reached the peak figure at $60,970 per ton in 2021, and then dropped significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($115,500 per ton), while the average price for exports to China ($21,457 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+59.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia
After three years of growth, purchases abroad of tungsten (wolfram); articles thereof, including waste and scrap decreased by -10.1% to 2.7 tons in 2022. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 14%.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap reduced to $308K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $354K, and then contracted in the following year.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 81.5 | 68.8 | 84.1 | 89.0 | 3.0% |
| Germany | 34.2 | 92.1 | 139 | 84.1 | 35.0% |
| Austria | 32.3 | 37.5 | 64.6 | 75.2 | 32.5% |
| United Kingdom | N/A | 19.2 | 50.4 | 34.6 | 34.2% |
| United States | 2.6 | 7.7 | 5.2 | 4.6 | 20.9% |
| Hong Kong SAR | N/A | N/A | N/A | 3.1 | 0% |
| France | 36.2 | 13.3 | 0.6 | 1.0 | -69.8% |
| Hungary | 1.8 | 4.6 | 0.2 | N/A | -66.7% |
| Others | 23.1 | 7.9 | 9.9 | 16.5 | -10.6% |
| Total | 212 | 251 | 354 | 308 | 13.3% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Serbia in 2022:
- China (1419.0 kg)
- Austria (455.0 kg)
- Germany (307.0 kg)
- United Kingdom (288.0 kg)
- Hong Kong SAR (60.0 kg)
- United States (50.0 kg)
- France (3.0 kg)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia
In 2022, shipments abroad of tungsten (wolfram); articles thereof, including waste and scrap decreased by -51.5% to 96 kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when exports increased by 420% against the previous year. As a result, the exports reached the peak of 530 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap contracted significantly to $3.4K in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,277% against the previous year. As a result, the exports attained the peak of $26K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 1.5 | 0% |
| North Macedonia | 0.2 | 0.1 | N/A | 0.7 | 51.8% |
| Bosnia and Herzegovina | N/A | 22.1 | 9.3 | 0.7 | -82.2% |
| Montenegro | 0.8 | 0.1 | 0.1 | 0.6 | -9.1% |
| Germany | 0.1 | 2.0 | N/A | N/A | 1900.0% |
| Austria | N/A | N/A | 1.1 | N/A | 0% |
| Slovenia | 0.7 | 1.0 | N/A | N/A | 42.9% |
| Chad | N/A | N/A | 0.9 | N/A | 0% |
| Netherlands | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.3 | 0.8 | N/A | 166.7% |
| Total | 1.9 | 25.5 | 12.1 | 3.4 | 21.4% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Serbia in 2022:
- China (70.0 kg)
- Montenegro (11.0 kg)
- North Macedonia (9.0 kg)
- Bosnia and Herzegovina (6.0 kg)
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